MetricStream has announced that it has been positioned by Gartner in the "Leaders" quadrant of the 2011 Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms presenting a global view of Gartner's assessment of the main software vendors that support the oversight and operation of enterprise-wide risk management and compliance programmes, with the overall objective being improvements in corporate governance and the ability to achieve business objectives. MetricStream was one of 18 companies that were analyzed in the report.
"We believe our presence in the Leaders quadrant by Gartner further affirms our ability to continually meet the evolving governance, risk and compliance needs of customers across the globe. We are constantly innovating to serve our customers through richer platform, application, content and personnel capabilities, and helping them improve risk-based decision-making, and drive business performance," said Shankar Bhaskaran, Vice-President, International Business & Head of India Operations, MetricStream.
"The need for quicker and more accurate risk-based decision-making has significantly increased in the last few years. Large enterprises have become very wary of GRC solutions that are siloed, have rigid data-models, and require extensive customization from a programming perspective. They are typically looking for a multifunctional GRC platform from a company that can be a partner in their GRC strategy. Because of these reasons, we are seeing significant adoption of the MetricStream solution in large companies. Small and medium enterprises are also rapidly realizing value from MetricStream's successful cloud-based OnDemand GRC offerings that are quick to adopt, and deliver rich out-of-the box functionality with embedded content such as risk libraries, control hierarchies and regulatory intelligence," said Gaurav Kapoor, Chief Operating Officer, MetricStream.
